DeStatis: German export surplus in 2022 at lowest level since 2000

This is not great news for a mercantilist nation. We are also seeing an increasing economic dependency on the US

  • Foreign trade balance down by more than half on 2021
  • China most important trading partner of Germany again, United Kingdom falls to rank 11
  • Largest deficit in trade with China since the beginning of the time series in 1950
  • United States most important country importing German goods again

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